Car Industry To Get A £2 Billion Boost!

The GOVERNMENT is set to give the green light to a £2billion funding drive to accelerate the UK’s flourishing car industry and is said to support about 700,000 jobs!

The move is part of Chancellor George Osborne’s plan to speed up the journey from “rescue to recovery”.

The UK’s success has been partly driven by the strong performance of the Nissan car plant in Sunderland and the growth of luxury car maker Jaguar Land Rover, now owned by Tata Motors of India.

Jaguar recently raced to a record £1.7billion annual profit helped by demand for its new Range Rover, the four-wheel drive XF and XJ and the XF Sportbrake estate mainly from China and Asia-Pacific where the rising middle-class population want to be seen driving premium European cars.